Property sales in the Wairarapa district at 35 in the month showed a significant fall on a seasonally adjusted basis in May and fell by 36% as compared to a year ago. The inventory of unsold houses on the market did however fall to 139 weeks to remain well above the long-term average of 88 weeks of equivalent sales.

Median sales price for properties sold in the Wairarapa district at $220,000 was down 8% as compared to a year ago although up slightly from the prior month. The asking price expectation of new listings was down by 5% as compared to a year ago at $278,124.

The level of new listings coming onto the market in May at 159 was barely unchanged from April and down 5% as compared to a year ago.